entire - Deutsche Bank Annual Report 2012

Deutsche Bank 04 – Corporate Governance Statement/Corporate Governance Report 388
Financial Report 2010 Auditing and Controlling
which are fees for products and services other than Audit Fees, Audit-Related Fees and Tax-Related Fees.
These amounts include expenses and exclude Value Added Tax (VAT).
Fee category in € m. 2010 2009
Audit fees 53 45
Audit-related fees 9 6
Tax-related fees 7 5
All other fees 2 –
Total fees 71 56
The total fee increase of € 15 million is mainly driven by our 2010 acquisitions. Our Audit-Related Fees included
fees for accounting advisory, due diligence relating to actual or contemplated acquisitions and dispositions,
attestation engagements and other agreed-upon procedure engagements. Our Tax-Related Fees included
fees for services relating to the preparation and review of tax returns and related compliance assistance and
advice, tax consultation and advice relating to Group tax planning strategies and initiatives and assistance with
assessing compliance with tax regulations. Our Other Fees were incurred for project-related advisory services.
United States law and regulations, and our own policies, generally require all engagements of our principal
accountant be pre-approved by our Audit Committee or pursuant to policies and procedures adopted by it. Our
Audit Committee has adopted the following policies and procedures for consideration and approval of requests
to engage our principal accountant to perform non-audit services. Engagement requests must in the first
instance be submitted to the Accounting Engagement Team established and supervised by our Group Finance
Committee, whose members consist of our Chief Financial Officer and senior members of our Finance and Tax
departments. If the request relates to services that would impair the independence of our principal accountant,
the request must be rejected. Our Audit Committee has given its pre-approval for specified assurance, financial
advisory and tax services, provided the expected fees for any such service do not exceed € 1 million. If the
engagement request relates to such specified pre-approved services, it may be approved by the Group Finance
Committee, which must thereafter report such approval to the Audit Committee. If the engagement request
relates neither to prohibited non-audit services nor to pre-approved non-audit services, it must be forwarded by
the Group Finance Committee to the Audit Committee for consideration. In addition, to facilitate the consideration
of engagement requests between its meetings, the Audit Committee has delegated approval authority to
several of its members who are “independent” as defined by the Securities and Exchange Commission and the
New York Stock Exchange. Such members are required to report any approvals made by them to the Audit
Committee at its next meeting.